BREAKING: S&P 500 hits all-time high, erasing May losses (video)

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by CNBC:

Stocks rallied on Thursday, led by strong gains in tech and energy shares, as Wall Street cheered the possibility that the Federal Reserve will cut interest rates next month.

The S&P 500 surged 1% to post a record close. The broad index also hit an intraday record of 2,956.20. The Dow Jones Industrial Average closed 249 points higher. The Nasdaq Composite gained 0.8%.

The article ges on to state the following:

Thursday’s gains cut most of the steep losses recorded by the major indexes in May. The S&P 500 and Dow both fell more than 6% while the Nasdaq lost 7.9% last month. The three indexes were up more than 7% for June.

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The post BREAKING: S&P 500 hits all-time high, erasing May losses (video) appeared first on DML News.

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